China Yuchai International Limited (NYSE:CYD – Get Free Report) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 15,100 shares, a decrease of 17.5% from the August 15th total of 18,300 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 29,700 shares, the days-to-cover ratio is presently 0.5 days.
Institutional Investors Weigh In On China Yuchai International
Large investors have recently added to or reduced their stakes in the company. Shah Capital Management grew its stake in shares of China Yuchai International by 0.4% in the first quarter. Shah Capital Management now owns 4,111,308 shares of the company’s stock worth $32,438,000 after purchasing an additional 15,515 shares during the last quarter. UBS Group AG grew its position in shares of China Yuchai International by 2.3% in the 4th quarter. UBS Group AG now owns 95,400 shares of the company’s stock worth $675,000 after buying an additional 2,182 shares during the last quarter. Susquehanna International Group LLP increased its stake in shares of China Yuchai International by 69.9% during the first quarter. Susquehanna International Group LLP now owns 31,200 shares of the company’s stock valued at $246,000 after buying an additional 12,831 shares during the period. Millennium Management LLC bought a new position in shares of China Yuchai International during the fourth quarter valued at approximately $183,000. Finally, Goldman Sachs Group Inc. purchased a new stake in China Yuchai International in the second quarter worth $182,000.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on China Yuchai International in a research note on Thursday, August 17th. They issued a “buy” rating on the stock.
China Yuchai International Stock Performance
Shares of NYSE:CYD traded down $0.11 during trading on Tuesday, reaching $10.52. 5,163 shares of the company traded hands, compared to its average volume of 25,894. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.08 and a current ratio of 1.52. China Yuchai International has a 52-week low of $6.73 and a 52-week high of $12.50. The business’s fifty day moving average is $11.02 and its 200-day moving average is $9.30.
China Yuchai International Cuts Dividend
The company also recently declared an annual dividend, which was paid on Monday, August 7th. Shareholders of record on Monday, July 31st were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, July 28th. This represents a yield of 2.56%.
About China Yuchai International
China Yuchai International Limited, through its subsidiaries, manufactures, assembles, and sells diesel and natural gas engines for trucks, buses and passenger vehicles, marine, industrial, and agriculture applications in the People's Republic of China and internationally. It operates through two segments, Yuchai and HLGE.
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